Tether Co-Founder to Launch Yeild Bearing Stablecoin USP

Description

Tether co-founder Reeve Collins is launching a decentralized stablecoin that will compete with USDT in an increasingly crowded space that is still dominated by two players. The project will debut a stablecoin called USP on Ethereum and Solana blockchains in the second half of 2025, according to Bloomberg. Pi will use smart contracts to mint its USP stablecoin and minters will earn yields in the form of another token called USI. Competing With Tether The stablecoin will be backed by yield-bearing...